LOS ANGELES, December 3, 2024 – Proskauer, a leading international law firm, announced today that it advised Kinematics, a global leader in intelligent motion control, in its definitive agreement to acquire P4Q, an industry leader in electronics for solar tracker controllers, industrial automation, sensors and cloud-based monitoring. Kinematics is a portfolio company of Angeleno Group, a long-standing clean energy and climate solutions venture capital and growth equity investment firm based in the U.S. The transaction is subject to regulatory approvals and is expected to close in early 2025.
The strategic acquisition will enable Kinematics to better serve the world’s leading solar tracker original equipment manufacturers (OEMs) with expanded global reach and a unified motion control solution that simplifies installation, commissioning and maintenance. P4Q specializes in the development of high-performance electronics for solar tracking controllers, with cutting-edge technology that complements Kinematics’ innovative actuation systems. The integration of P4Q’s capabilities into the Kinematics portfolio will offer unprecedented energy efficiency, reliability and precision to improve utility-scale solar production worldwide. The unified offering will support new and existing projects alike, providing solar tracker customers with the most advanced motion control systems for future installations while also giving asset owners a path toward upgrading outdated systems. The combined technologies will also become the industry’s most reliable, field-tested, and bankable motion control solution.
With the addition of P4Q, which is headquartered in Spain with operations in Europe and the Americas, Kinematics will be able to offer complete global support through six manufacturing facilities and seven support offices worldwide, covering key markets across North America, Europe, Asia, and Latin America. This extensive global presence will help tracker OEMs create stronger business opportunities by ensuring timely service, technical support and tailored solutions no matter where their projects are located.
The Proskauer team was led by partner Ben Orlanski (M&A). It also included partners Rebecca Villarreal and associates Jack Morant, J. Ryan Murphy and Courtney Kim (M&A); partner Andrew Bettwy and associates Gloria Kim, Benjamin Weisman and Michael Alescio (Finance); partner Robert Friedman (Tax); partner Aliza Cinamon (Environmental) and partner John Ingrassia (Antitrust).